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Re:Twitter fails to act on 99% of Twitter Blue accounts twee... by PM_me_your_math on Saturday June 03, 2023 @11:51AM (#36177640)
He's the most successful entrepreneur in the world, doesn't care if he loses money, and took over twitter, not for profitability, but for altruistic purposes.

Twitter was already in the ground. It had already lost billions and was profitable for only 2 years out of the last 12.

I suspect your assessment is rooted in ideological conflict and not a well-thought out argument on his business acumen.

Re:Twitter fails to act on 99% of Twitter Blue accounts twee... by jsnell on Saturday June 03, 2023 @12:38PM (#36178109)
He very clearly cares deeply about Twitter losing money. He was desperate to cut costs and increase revenue right from the start. He frequently whines about the cost of running Twitter. He has been stiffing a ton of Twitter's suppliers and not paying the bills.

And there's a good reason for this. He is using a his own Tesla shares as collateral for some of the debt.

Re:Twitter fails to act on 99% of Twitter Blue accounts twee... by cornercasechase on Saturday June 03, 2023 @11:57AM (#36177698)
“Altruistic purposes”, what would those be? I’ve only seen him censor his opponents, spew bog standard far-right talking points and make poor product decisions. How is that “altruistic”?
Re:Twitter fails to act on 99% of Twitter Blue accounts twee... by antisthenes on Saturday June 03, 2023 @12:04PM (#36177759)
There's part of me that considers driving the hate machine that is Twitter into the ground and general irrelevance an altruistic purpose.

The world would be better off without Twitter, until they can figure out how to separate the hate machine from its useful purposes in a sustainable way.

Re:Twitter fails to act on 99% of Twitter Blue accounts twee... by xracy on Saturday June 03, 2023 @02:29PM (#36179228)
While I appreciate this take as a funny consideration... I feel like it fails the altruism test by not being intentional.
Re:Twitter fails to act on 99% of Twitter Blue accounts twee... by rsynnott on Saturday June 03, 2023 @06:31PM (#36181151)
Finally destroying the hellsite, for the benefit of all.

(As someone who (a) used to enjoy Twitter a lot, (b) always suspected that Twitter was quite bad for society, I have mixed feeling about its current implosion.)

(To be clear, he obviously is not destroying Twitter for altruistic purposes; the above is a joke. It should not be necessary to point this out, but one odd attribute of figures like Trump and Musk is that there are always people who insist that everything they do, no matter how obviously ridiculous, is actually intentional and ingenious, so Poe’s Law is in full effect here.)

Re:Twitter fails to act on 99% of Twitter Blue accounts twee... by thefz on Saturday June 03, 2023 @12:29PM (#36178003)
> He's the most successful entrepreneur in the world, > doesn't care if he loses money,

These two sentences contradict each other.

Re:Twitter fails to act on 99% of Twitter Blue accounts twee... by runarberg on Saturday June 03, 2023 @01:00PM (#36178309)
Not really, only if we assume the market is rational.

I think the fact that Elon Musk it the most successful entrepreneur in the world is a testament to the contrary. And that being a successful businessperson has nothing to do with merit or skill, but a lot more to do with happenstance, and former wealth.

Our public policy on the global market has been neo-liberalism on full steam, the rich are getting richer, not because business people are getting smarter, but because government is deregulating exploitation as a matter of public policy. Somebody is bound to become extremely rich in this environment, and it just so happens that the people getting extremely rich are either the ones that exploit workers (i.e. Jeff Bezos) or the ones that fool rich investors (i.e. Elon Musk).

Re:Twitter fails to act on 99% of Twitter Blue accounts twee... by bhaak on Saturday June 03, 2023 @03:14PM (#36179640)
Sucking up to autocratic rulers while claiming to be a free speech advocate is very altruistic.

Saying Twitter was already in the ground and then praising the guy was dug the hole a lot deeper, is also suggesting that your assessment of him is not based on his business acumen.

Maybe you're hoping he's pumping your crypto bags? That's one of the things I consider him to be very good at.